February 2024

February 7, 2024

Privacy and profits: How responsible data protection can drive revenue

Many companies report a solid return on investment from their actions to protect and promote privacy, but a few simple steps could boost both profitability and security.

February 7, 2024

Study: IRS could collect billions more with full funding

A study shows that the Service can collect $561 billion in tax revenue over 10 years if it receives the funding from the Inflation Reduction Act of 2022 as written.

February 7, 2024

Auto depreciation limitations increase

The IRS issued the 2024 depreciation limitations for passenger automobiles, including those for which bonus depreciation is applied.

February 6, 2024

AICPA member insurer clarifies coverage for BOI work by accountants

CNA, which has policies with 25,000 AICPA member accounting firms, said in a statement last week that its professional liability policies generally will cover work services associated with the Corporate Transparency Act, which includes rules for BOI reporting.

February 1, 2024

House OKs $78B tax bill with changes to ERC and child tax credits

The bill, which now goes to the Senate, also delays amortization of research or experimental costs and restores tax breaks for companies from 2017’s Tax Cuts and Jobs Act.

February 1, 2024

7 reasons for deficiencies in audits of broker-dealer annual reports

A PCAOB spotlight report recommends actions that auditors and firms can take to produce compliant attestation engagements.

FROM THIS MONTH'S ISSUE

Tax season quick guide

Get ready for tax season with the JofA’s annual filing season quick guide, an easy-to-use compilation of dollar thresholds, tax tables, standard amounts, credits, and deductions. Download and print for quick reference this tax season.